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☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

CHARLOTTE, N.C. (AP) — Florida State coach Mike Norvell said the possibility of leaving his unbeaten Seminoles out of the College Football Playoff shouldn't even be discussed. Florida State made things as difficult as possible on the CFP selection committee, using a dominant defensive performance to beat No. In all likelihood, Rodemaker would be ready to play should Florida State make the playoff, but even he has only started two games. Florida State also had 14 tackles for loss and 10 pass breakups. “I feel like we go out there and play for each other and we are a close-knit team,” Toafili said.

Persons: CHARLOTTE, Mike Norvell, Brock Glenn, “, ” Norvell, ” Lawrance Toafili, Glenn, Jordan Travis, Tate Rodemaker, Travis, Alex Mastromanno, Tatum Bethune, Jack Plummer’s, Plummer, Jeff Brohm, Ryan Fitzgerald, Braden Fiske, Fitzgerald, Fiske, Toafili, Norvell, ” Toafili, haven't, Rodemaker, ___ Organizations: Florida State, Seminoles, College, CFP, Louisville, Atlantic Coast Conference, Alabama, Southeastern Conference, Texas, Heisman, ACC, Cardinals, AP Locations: N.C, Florida, Georgia, Louisville

4 Florida State might have to turn to third-string quarterback Brock Glenn to start the Atlantic Coast Conference championship game against 15th-ranked Louisville on Saturday night. Tate Rodemaker, who made his second career start in the team’s regular-season finale at Florida, has been limited in practice this week while recovering from a concussion. Rodemaker left the game briefly in the fourth quarter after getting hit in the head while sliding, a targeting call that resulted in an ejection. Rodemaker has been able to participate in some parts of practice, but Glenn has gotten the bulk of the work leading into the game. “It's the same thing we faced a week ago, going and playing our last regular-season game.

Persons: CHARLOTTE, Brock Glenn, Tate Rodemaker, Rodemaker, Trey Benson, Mike Norvell, Glenn, “ That's, we'll, Norvell, Jordan Travis, Travis, “ Organizations: Atlantic Coast Conference, Louisville, Seminoles, College Football, ACC, Gators, Heisman, North, North Alabama, AP Locations: N.C, Florida, North Alabama

(AP) — LSU forward Angel Reese went straight back to the Tigers' starting lineup upon her return from a four-game absence. She was presented with a commemorative basketball during a pregame ceremony recognizing her 1,000th career rebound earlier this season. When the starting lineup was announced, Reese was introduced last, as she usually is during home games. Reese started LSU’s first four games, averaging 17 points and 10.3 rebounds as the Tigers went 3-1 — the lone loss coming in their opener to now fellow No. Political Cartoons View All 1274 ImagesLSU won all four games she missed, three of them by lopsided margins.

Persons: Angel Reese, Reese, Kim Mulkey, Jayden Daniels, Malik Nabers, LSU’s Organizations: — LSU, Tigers, Virginia Tech, LSU, AP, womens Locations: BATON ROUGE, La, Colorado

(AP) — LSU star forward Angel Reese, who has missed four games for undisclosed reasons, is rejoining the No. Reese had foreshadowed her return when she posted on social media a photo of herself inside LSU's basketball stadium, the Pete Maravich Assembly Center. The Tigers (7-1) won all of the games Reese missed, most of them by wide margins, and have not lost since dropping their opener in Las Vegas to then-No. Reese started LSU’s first four games, averaging 17 points and 10.3 rebounds as the Tigers went 3-1. Reese was LSU’s on-court leader last season, when the Tigers won the program’s maiden national title.

Persons: Angel Reese, Reese, Kim Milkey, ” Milkey, LSU’s, she’d, ”, gestured, Caitlin Clark, Jill Biden’s, Barack Obama, Joe Biden Organizations: — LSU, Tigers, Virginia Tech, Pete Maravich, Center, LSU, Southeastern, Texas Southern, Niagara, Cayman, Kent State, of Fame, Reebok, Michigan, Hawkeyes, Iowa, AP, womens Locations: BATON ROUGE, La, Southeastern Louisiana, Baton Rouge, Cayman Islands, Virginia, Las Vegas, Colorado, Iowa

Washington moved ahead of Florida State and into College Football Playoff position, coming in fourth in the rankings on Tuesday night. Now fifth-ranked Florida State stayed unbeaten, too, though the Seminoles lost quarterback Jordan Travis to a season-ending left leg injury. He was seriously injured in the first quarter against North Alabama, an FCS team, but Florida State went on win easily with backup quarterback Tate Rodemaker stepping in. “Didn’t shock anybody that was on our team because we’ve seen him do that before,” Florida State coach Mike Norvell said earlier this week about Rodemaker. “After the (conference) championship games we can look at who’s going to be available and who’s not going to be available," Corrigan said.

Persons: Washington, Jordan Travis, Boo Corrigan, Travis, Tate Rodemaker, “, we’ve, Mike Norvell, I’ve, ” Corrigan, Corrigan, Ralph D, Russo Organizations: Florida State, College Football, Big Ten, Ohio State, Buckeyes, Wolverines, Big, Huskies, Oregon State, Seminoles, Washington, ESPN, ESPN . Oregon, Alabama, Missouri, Louisville, North, FCS, North Carolina State, AP Locations: Georgia, Michigan, Ann Arbor , Michigan, Washington, ESPN ., Texas, North Alabama, Florida, Rodemaker

☆ Son bags double for South Korea as top sides win in Asian qualifiers
▼ + stars: | 2023-11-21 | by ( Michael Church | ) www.reuters.com time to read: +4 min

Japan, Australia, Qatar, United Arab Emirates and Saudi Arabia all won, while Kuwait and North Korea scored a flurry of goals en route to victories. Australia and Palestine players stood for a minute's silence ahead of their game, which was played in Kuwait due to the Israel-Hamas conflict. Son was in top form as South Korea completed back-to-back wins at the start of their challenge for a place at the 2026 finals. Players held a minute's silence ahead of kickoff before Souttar scored the game's only goal with an 18th-minute header. Kuwait, meanwhile, thrashed Afghanistan 4-0 away to move into second place in Group A behind Qatar.

Persons: Korea's Son Heung, Min, Tingshu Wang, Ueda, Heung, Son, Yan Junling, Lee Kang, Jung Seung, Yan, Thais, Suphanat Mueanta, Mano Polking's, Ayase Ueda, Hajime Moriyasu's, Jong Il Gwan, Harry Souttar, Kuwait's Jaber Al, Souttar, Oston Orunov, Igor Sergeev, Mohanad Ali, Jesus Casas, Darren Lok, Amadoni Kamolov, Saudi Arabia's Saleh Al Shehri, Jordan, Abdalla, Ali Mabkhout, Michael Church, Angelica Medina, Toby Davis Organizations: Soccer Football, AFC, Shenzhen Universiade Sports Centre, REUTERS, China, Japan, North Korea, Thailand, Singapore, North, Syrians, Syria, Palestine, Ahmad, Iraq, Vietnam, Malaysia, Taiwan, Kyrgyzstan, Qatar, United, Bahrain, Thomson Locations: China, Republic of Korea, Shenzhen, Republic, Korea's, Japan, South Korea, Australia, Qatar, Korea, Myanmar, Syria Australia, Palestine, HONG KONG, United Arab Emirates, Saudi Arabia, Kuwait, North, Israel, Syria, Jeddah, North Korea, Yangon, Australia's, Gaza, Lebanon, Bangladesh, Uzbekistan, Iran, Hong Kong, Turkmenistan, Vietnam, Philippines, Indonesia, Manila, Oman, India, Yemen, Nepal, Tajikistan, Pakistan, Islamabad, Saudi, Afghanistan

"For me when I was coaching, we are looking at high school and maybe some junior college kids. — Three years ago, nearly 400,000 girls played high school basketball and only 1.3% went on to play Division I basketball according to the NCAA. — On average, there are roughly 1,400 Division I scholarships available each year and there were 1,200 players in the transfer portal this year. Her husband played at Miami, her daughter plays at Georgetown and her younger son is a top 100 prospect in high school. If School X signs someone from the transfer portal, that is one less available scholarship at that university.

Persons: There's, Zakiyah Johnson, Darianna Alexander —, —, Bourrage, “, who’s, ”, Caitlin Clark, Christy Winters, Scott, ” Bourrage, Johnson, Alexander, Purcell, it’s, Winters, ” Winters, ” That's, LSU's Kim Mulkey, Dawn Staley, UCLA's Cori, Jeff Walz, Walz, ” Johnson, Hailey Van Lith, it's, Bourrage haven't, Maria, you’re, ” Maria, That’s, Ida B Organizations: Davenport, North High School, Iowa, AAU, University of Iowa, Maryland, of Fame, Terps, Sacred Heart Academy, Purcell Marian High School, NCAA, Miami, Georgetown, Associated Press, women’s College Basketball Academy, LSU, UConn, USC, UCLA, Ohio State, All, ACC, Inclusive, The Maynard Institute for Journalism Education, Wells Society, Investigative, AP, womens Locations: Davenport ( Iowa, Louisville , Kentucky, Cincinnati , Ohio, Kentucky, Iowa, Ohio, Memphis, Shelbyville , Kentucky, South Carolina, Ohio State . Louisville, Louisville's, Louisville

Kurmasheva was detained on Oct 18, becoming the second U.S. journalist detained in Russia this year, after Wall Street Journal reporter Evan Gershkovich was arrested on espionage charges in March. She is being held in a detention center, awaiting a trial that could sentence her to up to five years in prison. “Alsu was well aware of the risks that were associated with a possible trip to Russia,” Butorin added. Independent media and journalists in Russia have faced immense pressure after the Kremlin sent troops to Ukraine in February 2022. through passing her notes censored by Russian authorities.

Persons: Pavel Butorin, Alsu Kurmasheva —, —, ” “, ” Butorin, “, ”, Kurmasheva, Evan Gershkovich, Alsu, “ Alsu, ” Kurmasheva, Brittney, U.S . Russia hasn't, Butorin, she’s Organizations: U.S, Free, Associated Press, Wall Street, Kazan International Airport, Protect Journalists, Radio Free Europe, Independent, Kremlin, Analysts, U.S . State Locations: PRAGUE, American, Russia, Prague, Tatarstan, Bashkortostan, Ukraine, Moscow, U.S . Russia, U.S ., United States, Litvinova, Tallinn, Estonia

☆ The bosses of rival chip giants Nvidia and AMD are cousins, researcher says
▼ + stars: | 2023-11-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Nvidia CEO Jensen Huang and AMD CEO Lisa Su are first cousins once removed. It has recently emerged that Nvidia CEO Jensen Huang and AMD CEO Lisa Su are first cousins once removed, with 60-year-old Huang being the older cousin. Nvidia and AMD did not immediately respond to requests for comment from Insider sent outside regular business hours. The genealogist — a person who traces lines of family descent — published a condensed family tree on her Facebook account in June. Wu also interviewed a close family member of the two while putting together the family tree, per CNN.

Persons: Jensen Huang, Lisa Su, Su's, —, Huang, Su, Huang's, Jean Wu, It's, Wu, Jensen Organizations: Nvidia, Service, AMD, CNN, Consumer Technology Association webinar, Oneida Baptist Institute, Oregon State University, Massachusetts Institute of Technology, Devices, IBM, Freescale Semiconductor Locations: Taiwan, Taiwanese, Taipei, Thailand, Washington, Kentucky, Tainan, New York

☆ Cramer picks companies that stand out during earnings season
▼ + stars: | 2023-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday told investors which companies he thinks have distinguished themselves during earnings season. "The problem, as I see it, is that we haven't really pointed out which companies have really distinguished themselves this earnings season, because we've been so focused on the market's wild day-to-day gyrations," he said. "That stops right now, right here. The stock jumped a little over 12% by Wednesday's close, bolstered by an earnings report that showed strong organic revenue growth. "When long rates soar, nobody cares about the earnings I just mentioned," Cramer said.

Persons: Jim Cramer's, Jim Cramer, we've, Cramer, Lisa Su, Eaton, Wednesday's Organizations: Wednesday, AMD, Nvidia, Microsoft, Adobe, Trane Technologies, Treasury Locations: Trane

☆ Internal documents reveal new details of X stock awards to staff, including what happens if the company IPOs or is acquired
▼ + stars: | 2023-10-31 | by ( Kali Hays | ) www.businessinsider.com time to read: +13 min

The documents reveal the latest estimated valuation of X, when and how staff are getting equity awards, and how that stock vests over time. X stock doesn't trade daily like a public company, so the valuation disclosed is by definition vague. Most people who received X equity were granted 1,200 units, or increments thereof based on performance, according to one of the documents viewed by Insider. Any X Stock Awards you receive under the X Equity Plan will be provided to you in addition to and separate from any deferred cash awards. Stock Awards are typically earned over four years, with a 6 month cliff.

Persons: they'll, Elon Musk, Fortune, X, virality, Musk, there's, Will, Jan Organizations: Twitter, Musk's, SpaceX, X, Inc, Common, New York Stock Exchange, NASDAQ, IRS, Internal Revenue Locations: United States, Shareworks

That included a defensive performance that held Wake Forest (4-4, 1-4) to just 75 first-half yards and 210 for the game. Wake Forest: The Demon Deacons had won three straight meetings but never seriously threatened to add a stunner to the list. In fact, Ellison's long early run came after the Demon Deacons had managed just 20 total yards to that point. Wake Forest added a short third-quarter touchdown run by Tate Carney but it got little through the air with quarterback Mitch Griffis (82 yards, 6 for 16). Wake Forest: The Demon Deacons have a short week, traveling to No.

Persons: WINSTON, — Keon Coleman, Trey Benson, Jordan Travis, Coleman, Caelen Carson, Travis lofted, Carson, shrugged, Benson —, —, Garnes, Justice Ellison, Ke'Shawn Williams, Coleman's, Johnny Wilson, Tate Carney, Mitch Griffis, Duke Organizations: Florida State, Wake, Seminoles, Atlantic Coast Conference, FSU, ACC, Michigan State, Demon Deacons, Deacons, Pittsburgh, AP Locations: SALEM, N.C, Travis, Wake

☆ Russian court extends detention of U.S. journalist to Dec. 5
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

[1/5] Radio Free Europe/Radio Liberty (RFE/RL) journalist Alsu Kurmasheva, accused of violating Russia's law on foreign agents, talks to her lawyer Edgar Matevosyan as they attend a court hearing in Kazan, Russia October 23, 2023. REUTERS/Alexey Nasyrov Acquire Licensing RightsKAZAN, Russia, Oct 23 (Reuters) - A Russian-American journalist who stands accused of breaking Russia's law on foreign agents had her pre-trial detention extended on Monday until Dec. 5. Under the ruling, she is to be held in a pre-trial detention centre in Kazan. The U.S. State Department said last week that the proceedings against Kurmasheva appeared to be "another case of the Russian government harassing U.S. citizens". Kurmasheva, who holds U.S. and Russian passports, entered Russia on May 20 to deal with a family emergency, RFE/RL said.

Persons: Alsu Kurmasheva, Edgar Matevosyan, Alexey Nasyrov, Jeffrey Gedmin, Evan Gershkovich, Kurmasheva, Filipp Lebedev, Mark Trevelyan, Gareth Jones Organizations: Radio Free, Radio Liberty, RFE, REUTERS, Rights, U.S . Congress, Reuters, Wall Street, U.S . State Department, Kremlin, Thomson Locations: Radio Free Europe, Kazan, Russia, American, Prague, Ukraine, Moscow, Washington

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Oct 17 (Reuters) - Mitsubishi Corp (8058.T) is considering bidding for Fujitsu's (6702.T) chip packaging unit Shinko Electric Industries (6967.T), two sources said, as Japan's top trading house weighs an entry into semiconductor manufacturing. Fujitsu has put its 50% stake in Shinko Electric, worth around $2.6 billion at current market prices, on sale, other sources said. A Mitsubishi spokesperson said the trading house had set up a division in June dealing with chips and materials that was looking into various opportunities. A Shinko spokesperson declined to comment. Still, semiconductor packaging remains an area of strength for Japan with Shinko, Ibiden (4062.T) and Toppan Holdings (7911.T) all major players in the global chip supply chain.

Persons: Kim Kyung, Warren Buffett's Berkshire Hathaway, Makiko Yamazaki, Maki Shiraki, Miho Uranaka, David Dolan, Muralikumar Organizations: Mitsubishi Corp, REUTERS, Rights, Electric Industries, Mitsubishi, Fujitsu, Bain Capital, KKR, Apollo Global Management, Japan Investment Corp, Intel, Devices, Toppan Holdings, Taiwan Semiconductor Manufacturing, Samsung Electronics, Reuters, Thomson Locations: Tokyo, Japan, Kyushu, Chitose . Japan

REUTERS/Toru Hanai//File Photo Acquire Licensing RightsTOKYO, Oct 5 (Reuters) - Fujitsu (6702.T) and research institute Riken on Thursday announced the successful development of Japan's second quantum computer, as part of research efforts around the world to make the nascent technology practical. The 64 qubit quantum computer from Fujitsu and state-backed Riken will be integrated with a 40 qubit quantum computer simulator, as researchers work to eliminate the errors which prevent such systems from providing accurate results. IBM last year launched a 433 qubit quantum computer. Qubits, or quantum bits, are a measure of the power of quantum computers, which use quantum mechanics. China, the U.S. and allied industrial democracies are in a race to take a lead in advanced technology including quantum computing, with President Joe Biden moving to hamper some U.S. investment in Chinese efforts to develop the technology.

Persons: Toru Hanai, Shintaro Sato, Joe Biden, Sam Nussey, Miho Uranaka, Stephen Coates Organizations: Fujitsu, Advanced Technologies, Makuhari, REUTERS, Rights, IBM, Thomson Locations: CEATEC, JAPAN, Chiba, Japan, China, U.S

(AP) — Kim Mulkey, the coach of defending national champion LSU, is publicizing that she had two stents put in a major artery this summer as she tries to promote screening for life-threatening arterial blockages. Mulkey had stents put in by catheter in late June and has fully resumed coaching activities, overseeing the first practice for the 2023-24 season, which was open to fans. “It’s not going to slow me down," Mulkey told The Advocate of Baton Rouge. "A lot of my issues were hereditary.”Last season's national title was Mulkey's fourth as a head coach — the first three coming at Baylor, where she coached from 2000 to 2021. Her record at LSU in two seasons combined is 50-8, with NCAA Tournament appearances both years.

Persons: — Kim Mulkey, “ It’s, Mulkey, —, Angel Reese, Hailey Van Lith Organizations: LSU, of Fame, Tigers, Baylor, Cardinals, AP, womens Locations: BATON ROUGE, La, Baton Rouge, Louisville

(AP) — LSU safety Greg Brooks has undergone surgery to remove “a large brain tumor,” his family announced Wednesday. This Saturday, LSU hosts Arkansas, the team for which Brooks played three seasons before transferring to LSU in 2022. Political Cartoons View All 1169 Images“Greg continues to fight and we await further clarity on the extent of that battle,” the Brooks family announcement said. Last weekend, the Tigers started three linebackers instead. Freshman safety Ryan Yiates saw more snaps in Brooks’ absence when LSU went to a formation with five defensive backs.

Persons: Greg Brooks, “ Doctors, Michael Bonnette, Brooks, Brian Kelly, Greg, “, ” Brooks, Ryan Yiates, Brooks ’, LSU's, Kelly Organizations: LSU, “, Tigers, Mississippi State, Arkansas, AP Locations: BATON ROUGE, La, New Orleans

☆ How NIL deals and brand sponsorships are helping college athletes make money
▼ + stars: | 2023-09-19 | by ( Dan Whateley | Margaret Fleming | ) www.businessinsider.com time to read: +11 min

College athletes make money by posting branded content on social media and attending events with fans. Read more about the flow of NIL money in college sportsThe remaining 20% comes from brand deals, per Opendorse. Men's basketball players make the most from brand deals, the company has found. Read more about how the company boosted social-media engagement by hiring college athletes from niche sports like golf and cheerleadingSome college athletes have become social media stars, especially female students. Reese is one of the most followed college athletes and has signed NIL deals with companies like Amazon, Airbnb, and Playstation.

Persons: influencers, Read, Phoenix Sproles, It's, Kristi Dosh, they're, USC's Bronny James, LSU's Olivia Dunne, Angel Reese, Paige Bueckers, Caitlin Clark, Flau'jae Johnson, Chase Griffin, outperforming, Bryce Adams, Opendorse, Braly Keller, Doug Edert, LSU's Reese, Reese, Matthew Hinton, Blake Lawrence, Colin Salao Organizations: Phoenix, BusinessofCollegeSports.com, University of Minnesota, Dinkytown, Power Five, UCLA, JPMorgan Chase, Chase Griffin Student, Buffalo Wild Wings, St, Peter's University, Amazon, PlayStation, AP, Nike, Adidas, Companies Locations: Ohio

☆ Top Wall Street analysts like these dividend stocks for solid returns
▼ + stars: | 2023-08-27 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +15 min

The opinions of top analysts could help investors in picking the right dividend stocks. With a quarterly dividend of 38 cents per share, SU's dividend yield stands at 4.7%. (See Sunoco Stock Chart on TipRanks) Target This week's last pick is dividend aristocrat Target ( TGT ). That said, Drbul highlighted that Target beat analysts' earnings expectations, as the company's inventory actions improved profitability. With a quarterly dividend of 38 cents per share, SU's dividend yield stands at 4.7%.

Persons: Wall, FANG, Scott Hanold, Hanold, DHT's, Jonathan Chappell, Chappell, Gregory Pardy, TipRanks, Rich Kruger, Suncor, Pardy, Gabriel Moreen, Moreen, Robert Drbul, Drbul, Brendan McDermid Organizations: TipRanks, Diamondback, Diamondback Energy, RBC Capital, Suncor Energy, Global Energy, SUN, Black, Reuters Locations: West Texas, Suncor Energy Canada, U.S, Brooklyn , New York

☆ Florida State University taps JPMorgan to help find potential investors
▼ + stars: | 2023-08-04 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Florida State University has been working with JPMorgan as it explores options to bring in funding from institutional investors, according to a person familiar with the matter. The discussions have been ongoing in recent months, and Sixth Street Partners has expressed interest as an investor, the person said. The discussions with potential equity investors are not tied to FSU's potential push to leave the conference, according to the person familiar with the matter. Sportico earlier reported that FSU was working with JPMorgan and that Sixth Street was part of the discussions. "That effort fell apart, mainly because it was a challenge to mesh private investors with the potential media rights for public schools," said sports media consultant Lee Berke.

Persons: Lee Berke, we're, Berke Organizations: Florida State University, JPMorgan, Sixth Street Partners, Atlantic Coast Conference, NCAA, FSU, Sixth, ACC, Southeastern Conference, ESPN, Media

☆ Here's why this AI chipmaker continues to outflank the competition
▼ + stars: | 2023-07-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

"But when we go to an AI server, Intel's contribution drops to low-single digit percent, and that's where Nvidia's contribution gets to almost 60%, 70% of the price of the server." Still, it's possible AMD also saw softer demand for its data-center CPUs in the last quarter due to ramped-up AI spending. Like Intel, AMD is also working to bring its own AI-focused chips to market . Yes, Nvidia stock has had a monster run, more than tripling year-to-date, but the fundamental reason for that outperformance — its AI dominance — is completely intact. It remains an "own it, don't trade" stock, alongside Apple (AAPL).

Persons: Pat Gelsinger, —, Vivek Arya, Arya, Intel's, Lisa Su's, Gelsinger, AMD's, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Intel, Nvidia, Club, — Club, Microsoft, CNBC, Bank of America, Devices, AMD, Apple, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Los Angeles , California, U.S

☆ Bullish developments for three stocks across sectors — and our take, too
▼ + stars: | 2023-07-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Morgan Stanley analysts believe the market for obesity drugs is even larger than initially expected, a finding that aligns with our rosy outlook on Eli Lilly (LLY). The news: Obesity drugs could generate annual sales up to $77 billion in 2030, Morgan Stanley said Friday, a nearly 43% increase to the firm's previous forecast. Insurance reimbursement for obesity drugs has spread quicker than Morgan Stanley expected, which helped prompt the firm to update its multiyear sales outlook. However, there's been some concern that insurance companies would be hesitant to cover this new class of obesity drugs, which carry hefty price tags, along with side effects like nausea and vomiting. Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.

Persons: Morgan Stanley, Eli Lilly, LLY, Lilly, Wegovy, Eli Lilly's, Morgan Stanley's, Jim Cramer's, we've, there's, Sartorius, Danaher, We've, We're, Lisa Su, Su, TSM, Apple's, There's, Jim Cramer, Jim, Cristina Arias Organizations: Club, Novo Nordisk, Wall, AMD, Devices, Club holding's, Nikkei Asia, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Intel, CNBC, Company, Pharmaceutical Locations: U.S, Japan, Tokyo, Taiwan, China, Beijing, Arizona, Alcobendas, Madrid, Spain

☆ Biden to keep Julie Su on indefinitely as Labor chief despite lack of Senate votes
▼ + stars: | 2023-07-21 | by ( Sahil Kapur | Liz Brown-Kaiser | ) www.cnbc.com time to read: +5 min

The White House plans to use a little-known law to keep Acting Labor Secretary Julie Su in the job even if she fails to win Senate approval, a White House official told NBC News. "Upon Secretary Walsh's departure, Acting Secretary Su automatically became Acting Secretary under its organic statute, not under the Federal Vacancies Reform Act," the White House official said in an email. "As a result, Su is not subject to the time limits of the Federal Vacancies Reform Act and she can serve as Acting Secretary indefinitely." But Su's nomination for labor secretary has since stalled in the Senate, where Democrats control 51 votes and expect unified Republican opposition. "The President's support for Acting Secretary Su is unwavering," the White House official said.

Persons: Julie Su, Walsh's, Su, Marty Walsh, Sen, Joe Manchin, Kyrsten Sinema, hasn't, Joe Biden, Biden, Julie Su's, Bill Cassidy, Kevin McCarthy, Mitch McConnell, Donald Trump, Chuck Schumer, — Elyse Perlmutter, Gumbiner Organizations: Education, Department of Labor, White, Labor, NBC, Federal, White House, NBC News, Senate, Health, Pensions, GOP, Republican, Democratic, Wednesday Locations: Rayburn, Ky

Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. Senator Joe Manchin said on Thursday he would oppose the nomination of Julie Su as labor secretary, arguing her "progressive background" would prevent her from forging compromises between labor and industry representatives. President Joe Biden nominated Su, a civil rights lawyer and former California labor commissioner who has served as a deputy labor secretary since 2021, to become labor secretary in February. Su previously served as California's labor secretary. "The president's support for Acting Secretary Su is unwavering, and we hope Senator Manchin and Senator Sinema reconsider their position," the White House official added.

Persons: Joe Manchin, Mike Blake, Julie Su, Manchin, Joe Biden, Su, Marty Walsh, Walsh, Kyrsten Sinema, Biden, Sinema, Bernie Sanders, Rami Ayyub, Nandita Bose, David Shepardson, Kanishka Singh, Jamie Freed Organizations: Milken, Global Conference, REUTERS, WASHINGTON, Democratic U.S, National Hockey League, Democrat, White, White House, U.S ., Thomson Locations: Beverly Hills , California, U.S, California, U.S . West Coast

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